If you find yourself in a hardship situation, and you are not making any payments on your mortgage, you need to learn more about your options. We all know that due to the economy, many homeowners do not know that there are different options to foreclosure.
Your decision will make a world of difference...
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Foreclosure is the most unpleasant experience to home owners. It is also an event that will affect you long after you go into foreclosure, by devastating you credit. Most home owners cannot be sure that they will remain safe from foreclosure due to unforeseen circumstances that arise. It is important to understand that there is always an alternative to foreclosure.
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If the loss of your home is inevitable than a short sale can help…How? In a short sale process the bank accepts the sale of the property for less than what is owed and releases the lien and n some case the debt of the owner and issues a satisfaction for the outstanding debt. In some cases this is a popular option for home owners because the lender cannot pursue the judgment and you can get out of the house debt free. A short sale will save you from foreclosure although your credit will have a negative impact by lowering by as much as 200 points. Proceeding with a short sales will allow you to purchase a home within 18 months otherwise, it can be up to 8 years with a foreclosure.
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I am here to help. Please call me for a free and no obligation consultation. I am here to inform homeowners in distress and interested in hearing about alternative options to foreclosure.
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Residential - investments and Residential - new home sales
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English and Spanish
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| http://fl.living.net/REALTOR/www.gretaduarte.com |
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Page generated July 30th, 2010 12:14 a.m. EST
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gretaduarte9@aol.com
7137 SW 117 Avenue
Miami, FL 33183
Office: (305) 273-9000
Phone: (786) 488-0000
Cellular: (786) 488-0000
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